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Sports Direct buys House of Fraser from administrators for 90 million stg

Friday, 10 August 2018British sportswear retailer Sports Direct has acquired the business and assets of House of Fraser from the department store group's administrators for 90 million pounds ($115 million), it said on Friday.

Retail Analyst Sofie Willmott has said Mike Ashley has to embrace change to make a success of failing House of Fraser. The Sports Direct CEO bought the retail store for £90m after administrators failed to reach a deal. Report by Browna. Like us on Facebook at http://www.facebook.com/itn and follow...